Precious metals surged on 15 June after a US-Iran deal to reopen the Strait of Hormuz eased interest-rate hike fears. Gold rose $123 per ounce, and silver jumped $3.4, driven by safe-haven demand amid ongoing global inflation pressures and volatile markets.
Precious metals, including gold and silver, extended gains on June 15th following a US-Iran deal to reopen the Strait of Hormuz. This development alleviated fears of further interest rate hikes, driving up gold by $123 per ounce and silver by $3.4. The surge was fueled by…
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